TOP MARKETS NEWS: Week 07/08 – 07/14

Weekend 07/13 & 07/14

Rich People Become Poorer For The First Time In 8 Years – Zerohedge
Barclays Was Right: It Is A Melt-Up; And This Is How BofA Expects It Will End – Zerohedge

 

Friday 07/12

Business Live – guardian
Investors brace for China data expected to show decline in exports – scmp

“There’s No Escape”: One Japanese Bank Owns Over Half A Trillion Dollars In US Bonds – Zerohedge
Ray Dalio: There Is As Little As One Year Of Fed Stimulus Left In The Bottle – Zerohedge
China June trade surplus with U.S. rises 11% to $29.92 bln – Reuters

European market rally continues but German stocks hit by Daimler profit warning – Marketwatch

 

Thursday 07/11

Business Live – guardian
Traders wanted positive news on lower rates — and US Fed chairman Powell delivered – scmp

 

 


Wednesday 07/10

Business Live – guardian
Markets feeling weight of US-China trade war, interest rate uncertainty – scmp

Fed minutes of June meeting bolster sense of imminent interest-rate cut – Marketwatch
FOMC Minutes Show “Many Fed Officials” See Rate-Cuts Warranted – Zerohedge

Powell – Fed stands ready to act “as appropriate” to sustain expansion – Reuters

 

 

Tuesday 07/09

US-China trade war blamed as BASF issues hefty profits warning – business live – guardian
Markets fall amid turmoil from rate cut prospects and more IPO supply – scmp

Here’s why investors should keep the faith in U.S. stocks: BlackRock – Marketwatch
Danske Bank A/S revises outlook downwards – expects 2019 net profit of DKK 13-15 billion – globenewswire
ECB Will Find Plenty of New Corporate Bonds If Purchases Resume – Bloomberg
BASF shares down 7.2% after heavy profit-warning – Reuters

BlackRock sees a tepid second-half China economy despite stimulus, citing trade war woes – scmp

 

 

 

Monday 07/08

Deutsche Bank staff sent home as 18,000 job cuts begin – business live – guardian
Hong Kong, Shanghai stocks fall on concerns US Fed may not cut rates soon – scmp

Apple analyst paints a bleak picture for iPhones – cnn
Deutsche Bank overhaul to hit FactSet profit: Credit Suisse – Reuters
German Recession Seems to Be Inevitable, Investor Survey Shows – Bloomberg

German exports rise in May but fail to claw back April’s slump – Reuters
Key Events This Week: All Eyes On Powell Again – Zerohedge
Morgan Stanley Turns Bearish on Global Stocks as Challenges Grow – Bloomberg
Greek Bond Yields Drop To Record Low After Landslide Win For Opposition Conservatives – Zerohedge
Weaker growth will offset a Fed rate cut—so sell stocks, warns Morgan Stanley – Marketwatch
German industrial production plunges 3.7% y/y in May, a big miss – fxstreet
U.S. Fed easing could prompt first China rate cut in four years: analysts – Reuters
China Car Sales Rise for First Time in Year, Helped by Discounts – Bloomberg
China’s June Forex hits highest since April 2018, gold holdings also swell – gt